New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-06-01
MIR. GOULD'S UNION PACIFIC STOCK
GOV AMEs TELLS HOW IT WAS BOUGHT.

GOULD WAS HAPPY AND THE DIRECTORS sAD-E'l-
DENCE BEFORE THE PACIFIC COMMISSION.
Boston, May 3l.-The United States Pacific kali'
road Commission continued its inyestisaIlon this
forenoon. The first witness WAS Judge John r. DIloh
of New-York who gave chronological history OF tfe
litigation in which the Unon Pacnc has involved
Tn, bulk of the testimony went to SOW the friction
existing between the road and the Government under
the present CIRCUMSTANCES.
Judge billions testimony was interrupted by the
arrival of Governor Ames who was sWorh' Judge
Dillon pving way to him The Gogerno" stated th"t
he was NOT connected with the Central Branch NJ inc
time of the road inception His father. Cakes Ames
owned 666 shares ami u bonds' which a'tei""ru
into his sons possession Witness n-s' Iv"
connection with the Central Branch was ia 1910 Inc
witness now owns l6S shares IN branch roads Aiei
acquiring the 066 shares IRON his fathers estate he
began purchasing shares buying MP much OF the S'och
at 500 per share. the par value lie bought So'nc VI
the stock as high rs 100.
Mr. Gould began negotiations in September OF
Octoter 1873 When the Pacific Company was
h,iIdiug in Kansas Mr. Gould contend that it was
invading his erritory aud hc began BUILDING PaIale
road. Witness went to Mr Gould ana cA pi'ueu W
him the condition aud Pr"s ecS- OF the roau "pu io
gave hiIo other statistic in written slater a
ny in 'he Atchison cllce Mr. Gould SAid he "ouiu
look 4 ...,.
Meanwhile. witness was conducting negotiations
with tho Chicago Burlington and Quincy ana hock
Island roads. Witness went to Ne"-l crk aud n' u,
Meeting \ ih jaw Gould, Russell sage and others MT
(iOuld spoke dlsparaglngly u tue rohi, 9"'"
not relieve much IN AGRICULTURAL Iolus al III Wy I
SAGE old the witness ia It he would "a the roai u
give the land assets tor il. witness saw hI "oulu
next morning. Mr.. Gould sad be had ,a,heu s,o
matter over with Mr. Dillon land preferred 10 onci
800 per share Tor the stock. The company haI oetn
asking $500 for it, but witness eventually agree" "
carry ms Droposition to the directors. p"per "hS
drawn up conveying = 600 shates OF mon bac'hc
STOCK or five e. gth- of the whole at sou per snare
and STIMULATING that Jay Gould was to ave cohtIoi VI
the board ana making o'boc st pula'ions After the
witness and other directors sgncd this paper. wn en-
they did individuals Mr. Gould adviser "lIies ~
go to every stockholder and get them al 10 ra'S INC
On November 24lN70. MrGould offered witness an
ortiop of 500 for 900 shares aud Tllo per share
Tor 900 more. Ca November ~ he oueieu 10 ,'Ho
the rcmniuing 500 shares mt 500, All plNao'e III
Kansas City bonds at par. Immediately AFTER 'h'S wa"
o,sunniated witness noticed that Mr. loud appeiicu
hapuv while the witness never "A" more ooiny Sc
than the Union Pao,"c duect%r7-t ue! ier orn
MIR. could had them III hs power. l"e 'o''' "'"
paid hy Mr. Could was el.9BS,'N'. . , ,,,,
Witness noticed the other dav that III: "ouiu ,%
said he was tool ia regard 10 tae trains on lie
rood Witness declared however that Mr. GOuld
never rode over the road nnti alter thl-
80 witness could not have iooed hl,L III '"t'
spect In reply to iuriher Questions witness -,
thaI the Mon Pacific directors t'ti dclcetcH
they knew that Mr. Gould vas IN control 81 'uc Nan
sas Pacific Missouri Pacific and Oeh'ral "10 IN
Beng asked when he had disposed oil ms NO. '1 t
the Tn,on Pacific witness, said he Nad nov az '
il: that he unfortunately slul had 7m'ii no."'-.
IN $50 they desired that witness shOuin s'%n Pi.
/ in common with other h0ide's ., N'o.'e ,t -, =.
stOcb .grreng that If the Trent Mool'l', go al
trucd INTO Tnou Pacific tunds It would release 80
claims OF the company lor aileIod reecP'; ione
paper the witness refused To "l-n' anu n' l,.i -,
sea renee OF this refusal dropped from Inc Do"i "
Ma.ion d. Sp.uldin.. director %. the conpty' a.'o
re- ,a ~ fhr niIon of the Uniol PA,lh and the GOV
eminent treating especially 0t the uI1 ,p ,,
tween them on the Omaha bIlise anu INC h"'""A
The hearing goes Oh tomorrow.